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UkoKoshka [18]
1 year ago
8

Margo borrows $2000, agreeing to pay it back with 8% annual interest after 6 months. How much interest will she pay?Round your a

nswer to the nearest cent, if necessary.
Mathematics
1 answer:
Amiraneli [1.4K]1 year ago
6 0

Principal of the loan = $ 2,000

Interest rate = 8% annually or 0.08

Period of the loan = 6 months or 1/2 year

For calculating the interest that Margo will pay, we use the simple interest formula, this way:

Interest = Principal * interest rate * period of the loan

Replacing with the values we know:

Interest = 2,000 * 0.08 * 0.5

Interest = $ 80

Interpretation

Margo will pay $ 80 of interest for the loan after 6 months

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The sign that would make the statement true is the division sign which would then make the full expression, (3 × 7) ÷ 21 = 1.

<h3>How to find the sign?</h3>

The statement given is (3 × 7) 21 = 1. There is therefore a need to find the sign that would be between the brackets and "21" which would lead to the answer being 1.

The brackets have to be solved first according to the PEMDAS rule which calls for parenthesis being solved first.

Solving the expression in the brackets gives:

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The only sign that can relate 21 to 21 such that the answer would be 1, is division:
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In conclusion, the sign that would make the statement true is a division sign.

Find out more on mathematical signs at brainly.com/question/24034494

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